And just like that, Q1 2022 is done! Let’s take a look at the market update.
Kalama Valley‘s single-family homes are averaging 15 days on market before accepting an offer. Don’t let those days on market fool you — it’s not necessarily taking 15 days to receive an offer, but it does take some time to accommodate showing the property to interested parties, as well as time to review and respond to the multiple offers (typically) received.
The average list price is coming in at $1,606,333 and the average sold price is $1,646,333. Homes in the Kalama Valley are still selling at an average of 102.70% of the list price.
|MLS||Address||Beds Total||Baths||Price||SQFT Living Area||Land Square Feet||DOM|
|202200147||627 Inuwai Pl||3||2/0||$1,250,000.00||1,028||5,085||24|
|202125187||7528 Laielua Pl||4||2/0||$1,300,000.00||2,000||5,964||25|
|202130475||7518 Olowalu Pl||3||2/1||$1,430,000.00||1,560||5,775||9|
|202126760||7501 Kekaa St||3||2/1||$1,600,000.00||2,255||6,469||9|
|202201678||1028 Mokuhano St||4||3/0||$1,900,000.00||2,533||7,780||9|
|202129744||1090 Kahului St||6||6/1||$2,398,000.00||4,225||7,508||11|
Days on Market: 15 Days
List Price: $1,606,333
Sold Price: $1,646,333
Strong and Steady Market
It’s obvious the market is still steady and strong. What the numbers won’t tell you is the actuality and rollercoaster of an experience if you’re currently in the market, and that is — although it’s still a competitive market, there seems to be a trend in cancellation of escrows and back-up offers coming into play. I can share professionally — clients of ours were recently in a first back-up position for their dream home, they really weren’t too hopeful the Buyers actually in escrow would cancel, BUT those Buyers cancelled and we got the home! Another home in Kalama Valley had 3 different Buyers meaning 3 different escrows fall through before finally selling to the right Buyer. So, buyers — don’t get discouraged!